Suitability of Sole Proprietorship

Sole Proprietorship suits businesses where:

• the capital required is small and can be arranged by one person,
• operations are local and the market is limited to a town, mandal, or a few villages,
• personal attention and direct contact with customers matter,
• the nature of the business does not need many different kinds of expertise, and
• the risk involved is limited and manageable by one individual. …